New Trading Ideas

My trading style is based on support and resistance breakouts for trading 5-minute binary options. It is a simple breakouts strategy that uses two Meta Trader 4 indicators: Support/Resistance Barry and Value Chart. I am trading the EUR, GBP, USD and JPY currency pairs during the European and U.S. sessions.

The Bank of England will be meeting today for its monthly monetary policy meeting. According to the economists polled, the BoE is expected to keep the interest rates unchanged at 0.25%, while also maintaining its asset purchase program at 435 billion GBP.

The British pound has given up the gains since July's highs of trading above the 1.3200 handle. After steadily declining to 1.2800, the currency pair is attempting another leg to the upside. However, this brief correction is unlikely to materialize with a bullish trend.

Today Trading Signals

The British pound was seen strengthening on the short term basis after initially posting losses. However, we expect that the gains could be limited in the near term. Resistance is seen at 1.4130 which could be tested in the short term. The UK's Office for National Statistics will be releasing the monthly retail sales figures today at 0930 GMT.

Today's binary signal is EURUSD, the currency pair was seen reversing the previous week's losses. However, the stronger than expected inflation data from the U.S. yesterday managed to stall the gains. The higher inflation data now strengthens the view that the Fed could be moving ahead with another rate hike as early as March.

Today's forex signal is USDJPY, the currency pair was seen weakening in yesterday's trading session as price posted new lows falling to one-year low. The declines came on the back of broader market sentiment. However, the sharp declines are expected to result in price posting a rebound.

Trading Strategies

To make profit, we need to trade smart. The Marubozo strategy is simple but that doesn’t mean it is easy to make profit. First, you need to learn to identify trends and then wait for a confirmation candle that will eventually tell you the price is in strong momentum and the trend will continue.

Before you start trading 5 minute binary strategy, you have to accept it will not give you 100% ITM signals. You have to approach trading with lower expectations and follow real action on the charts to build knowledge.

The ADX-based trading strategy is a simple intraday system, it is ideally used by day traders. Because we combine the concept of the previous day’s high and low and then take the position of the breakout from these levels using the ADX indicator, traders can rest assured they are entering into a position when the trend is starting to become strong.

Trading Lessons

With the Ethereum, cryptocurrency offered by exchanges for sale, hedge funds, speculators and retail traders join the crypto market in a hunt for profit. When the wolves join a market, you can expect bubbles and bloodbaths, which we already witnessed in 2017 and 2018.

Bitcoin, also known as digital gold, is an electronic cash system that allows direct payments between wallets. Transactions could be approved in minutes without an intermediary financial institution. The cryptocurrency is used globally and is an alternative to all fiat currencies, such as U.S. dollars, Euros and Yens.

To apply the Fibonacci ratio, the first step is to measure the length of the price action, or the wave. This is often accomplished by identifying a major high and a major low, or vice versa. Once the high and low are identified, traders then use the Fibonacci retracement tool to measure this wave.

Brokers Guide

Finmax is currently offering only binary options products, but the company aims to also add forex trading and CFDs in the near future. Thus far, it offers some interesting features, such as Social trading, which allows users to copy trades from the top traders on the platform.

The IQ Option platform is easy to navigate. Traders can switch between products in just one click. It offers high payouts on binary options (up to 93%), and forex leverage is up to 500. The crypto trading list is constantly growing, so you can expect more digital currencies to be added to the platform.

The top binary options brokers are not always the ones with the best ads on YouTube. Watching nice girls on a yacht who trade binary and make profits every 60 seconds could tempt you to jump into trading right away. However, if you are a smart trader, you won’t follow your emotions but will do the right research before deposit.

New Blog Articles

If you read the numbers, you know the binary options industry is driven by the affiliates. When the broker is not attractive for the affiliates, they turn, and the broker’s destiny is defined. Now, we are witnessing two of the largest CySEC regulated brokers, 24option and Anyoption, sinking.

First things first, the binary options industry is not an “ideal world”. Sorry to burst your bubble, but this industry is not free of scammers and people who are just hunting your money under the guise of being your friends.

One of the largest binary brokerages, Banc de Binary, just recently winded down its business and left the industry shaking. The 500 million dollar company decided to stop providing binary options due to regulatory constraints.

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